The Insight Partners Latest Research for Report “Lyophilization Services for Biopharmaceuticals Market Forecast to 2027″ Focuses COVID-19 Impact and Global Analysis by Service Type (Product and Cycle Development, Clinical Manufacturing, Commercial Manufacturing, Freeze Drying Analytical Services), End User (Pharmaceutical and Biotechnology Companies, Research Institutes, Other), and Geography
Lyophilization Service for Biopharmaceuticals Market is expected to reach US$ 1,456.74 million by 2027 from US$ 702.06 million in 2019; it is estimated to grow at a CAGR of 9.7% from 2020 to 2027. The report highlights the trends prevalent in the global lyophilization service for biopharmaceuticals market, and the drivers and deterrents pertaining to its growth.
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The growth of the market is attributed to the factors such as rising demand for lyophilized products, and rapid growth in contract manufacturing and lyophilization services across the world. On the other hand, the demerits associated with lyophilization process such as leakage during filling, are the major factors hindering the market growth.
Based on service type, the lyophilization service for biopharmaceuticals market is segmented into product and cycle development, clinical manufacturing, commercial manufacturing, and freeze drying analytical services. In terms of service type, the commercial manufacturing segment held the highest share of the lyophilization services for biopharmaceuticals market in 2019; however, the product and cycle development segment is anticipated to witness a significant growth rate during the forecast period. The growth of the market is attributed to the advantages offered by the lyophilization process such as increased shelf life for both small and large molecule drugs, stabilizing formulation by commercially validated method, and reduces cost for complex logistics such as rigorous cold-chain custody validation regimes and constant documentable refrigeration at the dispensary level.
By End User
Based on end user, the lyophilization services for biopharmaceuticals market is segmented into pharmaceutical and biotechnology companies, research institutes, and other end users. The pharmaceutical and biotechnology companies segment held the largest share of the market in 2019. At present, the global biopharmaceutical portfolio reflects increased therapeutic competition, a greater prevalence of large molecule drugs, expansion in the number of personalized or targeted products, and a rise in treatment methods for various orphan diseases.
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These trends have given rise to biopharmaceutical products with limited production runs, specific manufacturing requirements, and genotype-specific products. This fundamental shift in the overall product mix and a focus on improving the efficiency and effectiveness of production is spurring an evolution in the technologies and processes that is required to support advanced biopharmaceutical manufacturing. However, the research institutes segment is anticipated to witness a significant growth rate during the forecast period.
The market players are focused on organic strategies to sustain their position in the market. For instance, in June 2020, Berkshire Sterile Manufacturing (BSM) has secured US$ 16.5 million financing from Berkshire Bank and Lee Bank to expand its operations in Lee. This financing will be used to add manufacturing capabilities including an additional state-of-the-art robotic line for producing sterile drug products such as vials, syringes, and cartridges.
- ATTWILL Medical Solutions
- Axcellerate Pharma LLC.
- AB BioTechnologies, Inc.
- Berkshire Sterile Manufacturing, Inc.
- Emergent BioSolutions
- LSNE Contract Manufacturing
- Albany Molecular Research (AMRI)
- Lyophilization Technology, Inc.
- Jubilant HollisterStier LLC
- Biofortuna Ltd
- Synerlab Group
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